Thrivent Financial for Lutherans Trims Stock Position in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Thrivent Financial for Lutherans cut its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 37.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,054 shares of the bank’s stock after selling 87,514 shares during the period. Thrivent Financial for Lutherans’ holdings in Heartland Financial USA were worth $9,076,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HTLF. Westchester Capital Management LLC lifted its position in Heartland Financial USA by 260.1% in the third quarter. Westchester Capital Management LLC now owns 582,880 shares of the bank’s stock valued at $33,049,000 after acquiring an additional 421,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Heartland Financial USA by 10.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,601,683 shares of the bank’s stock valued at $98,191,000 after acquiring an additional 145,255 shares during the last quarter. ABC Arbitrage SA purchased a new stake in Heartland Financial USA in the fourth quarter valued at $4,506,000. Geode Capital Management LLC lifted its position in Heartland Financial USA by 4.9% in the third quarter. Geode Capital Management LLC now owns 1,023,370 shares of the bank’s stock valued at $58,036,000 after acquiring an additional 47,480 shares during the last quarter. Finally, Slotnik Capital LLC lifted its position in Heartland Financial USA by 14.6% in the third quarter. Slotnik Capital LLC now owns 353,534 shares of the bank’s stock valued at $20,045,000 after acquiring an additional 45,000 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Heartland Financial USA Price Performance

Shares of NASDAQ:HTLF opened at $64.67 on Friday. The company has a 50-day simple moving average of $64.98 and a 200-day simple moving average of $62.47. Heartland Financial USA, Inc. has a one year low of $32.97 and a one year high of $70.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98.

Heartland Financial USA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Tuesday, January 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.86%. Heartland Financial USA’s payout ratio is 67.04%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Heartland Financial USA in a research report on Sunday. They issued a “hold” rating for the company.

Heartland Financial USA Profile

Heartland Financial USA, Inc, a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits.